Consumers should brace themselves for another jolt in their electricity bills, as the Central Power Purchasing Agency (CPPA) has requested a tariff increase of Rs4.9917 per unit due to fuel charges adjustment (FCA) for February 2024. Following a rise of over Rs7 per unit in January due to fuel adjustments, CPPA, representing Ex-Wapda Discos (XWDiscos), submitted a petition to the National Elect
After experiencing slight increases in export figures for two consecutive months, Pakistan’s textile exports have once again entered negative territory on a month-on-month basis. According to the latest figures released by the Pakistan Bureau of Statistics on Monday, textile group exports for February 2024 declined by 3.31% compared to January 2024, with February figures totalling $1.41 billion
Addressing the Conference on Medium-Term Economic Outlook of Pakistan at the Lahore Chamber of Commerce and Industry (LCCI), former Federal Finance Minister Dr Hafeez Pasha highlighted the country’s ability to overcome ongoing economic challenges. He underscored that while Pakistan had endured difficult economic conditions in the past, it had managed to navigate through them. Pasha noted that P
The management of Sui Southern Gas Company (SSGC) has warned that the public gas utility will sink financially if gas prices are not increased at an appropriate time. At a public hearing held by the Oil and Gas Regulatory Authority (Ogra) on Monday, SSGC sought a price increase of Rs274.40 per million British thermal units (mmBtu) effective from July 1, 2024 to meet its revenue requirement of R
President Asif Ali Zardari on Monday emphasised the need for boosting trade ties with the US and the United Arab Emirates and invited businessmen of the two countries to invest in Pakistan Stock Exchange (PSX). According to the Presidency, the president underlined the need to enhance trade and investment relations with the US, besides exploring collaborative opportunities in diverse sectors.